Ventech and corporate-backed IdInvest have participated in a series E round for the mangetic sensors manufacturer.
Crocus Technology, a France-based manufacturer of magnetic sensors, has raised a €19m ($21m) series E round backed by gas generation technology developer Ventech.
IdInvest Partners, backed by insurance conglomerate Allianz, media group Lagardère, recruitment firm Up Group and state-backed fund Bpifrance; state-backed investment firm Rusnano; venture capital firms NanoDimension, Innovation Capital, Sofinnova, CEA Investissement, Industrial Investor Group; and growth debt provider Kreos Capital also participated.
Founded in 2004, Crocus develops sensors that enable internet of things technologies such as power…